true or false

The relationship of principal and agent exists only when one party exercises the right of control over the actions of another. An agent is under a duty to keep her principal's property separate from her own. A principal is under no duty to reimburse his agent for unauthorized expenses the agent incurs. A power of attorney is a formal appointment of an agent. An agent has no duty to account for property or gifts received. All agency contracts must be in writing. The principal-agent relationship is a fiduciary relationship. A corporation is an entity apart from its shareholders, with entirely distinct rights and liabilities. A corporation is liable for crimes committed by its agents in the course of their employment A corporation may be liable for torts committed by its employees within the scope of their employment